Industrial Office Building with
For Sale
$499,000
7771 College Rd, Baxter, MN 56425
Fully occupied industrial office building with three tenants and office/industrial layout flexibility in Baxter Industrial Park.
Property Size4,576 SF
Price / SF$109.05
Days on Market74
Property Features for 7771 College Rd
General Information
Standard status
Active
Size
4,576 SF
Occupancy
100%
Building Details
Year Built
1997
Tenancy
Multi
Listing Agency:
Close-Converse Commercial Prop
Listed By:
Timothy Miller
(218) 838-8772
Source:
Chrisfritchteam
Added: Jul 24
Changed: Sep 14
Last Checked: Oct 4 at 12:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Close-Converse Commercial Prop
Investment Insights
Based on property information with market context.
This industrial office building at 7771 College Rd, Baxter, MN 56425 is well-maintained and configured to accommodate a mix of office and industrial users. The property is fully occupied and features three established tenants, providing immediate, stabilized cash flow for an owner from day one. The asset is presented as turn-key for investors seeking a ready-to-operate commercial property.
Located in Baxter Industrial Park, the building is positioned for strong day-to-day accessibility and sits within an area supported by ongoing demand for industrial and office space, supported by surrounding tenancy. The combination of office and industrial functionality is designed to maximize use and tenant retention within the property’s existing configuration.
Located in Baxter Industrial Park, the building is positioned for strong day-to-day accessibility and sits within an area supported by ongoing demand for industrial and office space, supported by surrounding tenancy. The combination of office and industrial functionality is designed to maximize use and tenant retention within the property’s existing configuration.
Key Highlights
- Fully occupied industrial office building in Baxter Industrial Park
- Three established tenants providing immediate, stable cash flow
- Office/industrial layout designed to accommodate a mix of tenant needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,028
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,560
$840.6K
Cap Rate 7%
$600,400
$600.4K
Cap Rate 9%
$466,978
$467.0K
Market Conditions
NOI Build-Up for 4,576 SF
Gross rent
$68.6K $15.00/SF
− Vacancy
−$4.0K −$0.87/SF
EGI
$64.7K $14.13/SF
− OpEx
−$22.6K −$4.95/SF
NOI
$42.0K $9.18/SF
Area
Crow Wing County, MN
Vacancy
5.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,560
Cap Rate 7%
$600,400
Cap Rate 9%
$466,978
Alternative Uses
Best Use
Office B
$741.3K
$648.7K – $864.9K
NOI $51,892 @ 7.0% cap · market cap 10.40%
Second Best
Flex RnD
$600.4K
$525.4K – $700.5K
NOI $42,028 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$971.5K
$850.0K – $1.13M
NOI $68,003 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56425, MN
8,584
Population
3,898
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
97%
High-School Grad
18.3 sq mi
ZIP Area
469
Density / Sq Mi
$71,294
Median Household Income
$45,777
Median Earnings
$1,115
Median Rent
$299,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied industrial office building with three tenants and office/industrial layout flexibility in Baxter Industrial Park.
Where is this flex space located?
The property is located at 7771 College Rd Baxter, MN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully occupied industrial office building in Baxter Industrial Park; Three established tenants providing immediate, stable cash flow; Office/industrial layout designed to accommodate a mix of tenant needs
